Turkish Developer Buys Central Baptist Church Lot, Plans 1,000-Foot Tower

Turkish developer Okan Group has purchased land at 501 N. Miami Ave owned by the Central Baptist Church for $18.1 million and is planning a 1,000-foot tower.

Zoning allows 1,000 units per acre, and 864,000 to 1.3 million square feet. The lot is 37,500 square feet, and does not include the historic church.

Okan Group plans to develop a 1,000-foot mixed-use tower with retail, office space, a hotel and condos, a broker for the buyer told the SFBJ. Okan loves the site, which the broker says “epicenter of future development in Miami,” but they are not in a rush to build.

The company is developing projects in Turkey and Kazakhstan, and this would be their first project in Florida.

Okan is currently discussing plans with architects for the site.

 

a concept project once prepared for the site by MKDA Miami for another developer (and not the new owner):

(photo: phillip pessar)

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GMX
4 years ago

I love the fact the there is still more vacant land in this section of downtown and prices are not yet ridiculous. I hope the city starts planning for the future, this area is a blank canvas and we will need wider sidewalks, a lot more trees and much better and contemporary streetscape

Jack Flash
4 years ago

I’m sure this is just an investment with plans to flip once Miami Worldcenter gets built.

Edin
4 years ago

“OKAN Group loves the site,but they not in a rush to build”.WTF

Anonymous
4 years ago

I have a feeling this won’t ever be built. Not sure why lol

Anonymous
4 years ago

great move on developer part…this is destined to be epicenter…hope is they really build someyhing special…

Sulieman the Magnificent
4 years ago

Correction: Lot size is 35,992 Sq.Ft.

Anonymous
4 years ago

Love the design.

Anonymous
4 years ago

turks parking money overseas in hopes of flipping…

Anonymous
4 years ago

If this becomes another Flagstone fiasco, Turkish reputation will never recover in Miami.

Anonymous
4 years ago

Looks amazing

Anonymous
4 years ago

1,000 ft ? I thought they were building this for 1,100 ft

Anonymous
4 years ago

Does anyone know who the architect is?

Anonymous
4 years ago

Heard it was Behar Font

Anonymous
4 years ago

Looks like their work. No sense of proportion or composition.

Anonymous
4 years ago

Ugly over-designed structure!!!!
Simplicity is becoming an obsolete term.

PROCALC
4 years ago

I agree but i am sure it is only a dagramatic study of the site potential. Althought it is a great move, i believe there is no market for neither condos nor office buildings…not even hotels at this moment. I believe what we are seeing is a wave of apartment buildings and that is the one thing this project is not.

Anonymous
4 years ago

There is still a market for hotels depending on the season where it is really difficult to find one in Miami

Anonymous
4 years ago

Haha true.

marc
4 years ago

This looks like a proof of concept design not the actual thing.